Ceredex Value Advisors LLC Has $7.16 Million Stock Position in Perella Weinberg Partners (NASDAQ:PWP)

Ceredex Value Advisors LLC cut its holdings in shares of Perella Weinberg Partners (NASDAQ:PWP) by 26.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 371,019 shares of the company’s stock after selling 132,247 shares during the quarter. Ceredex Value Advisors LLC owned 0.43% of Perella Weinberg Partners worth $7,164,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of PWP. Westwood Holdings Group Inc. purchased a new position in Perella Weinberg Partners in the second quarter valued at about $35,715,000. Millennium Management LLC raised its position in Perella Weinberg Partners by 2,883.9% during the second quarter. Millennium Management LLC now owns 1,723,785 shares of the company’s stock valued at $28,012,000 after acquiring an additional 1,666,015 shares in the last quarter. William Blair Investment Management LLC bought a new position in Perella Weinberg Partners during the second quarter valued at approximately $20,198,000. Boston Partners lifted its stake in Perella Weinberg Partners by 247.7% in the first quarter. Boston Partners now owns 534,968 shares of the company’s stock valued at $7,568,000 after acquiring an additional 381,091 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its position in Perella Weinberg Partners by 17.5% in the first quarter. Russell Investments Group Ltd. now owns 1,114,240 shares of the company’s stock worth $15,744,000 after acquiring an additional 166,168 shares in the last quarter. Hedge funds and other institutional investors own 41.07% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on PWP. Keefe, Bruyette & Woods lifted their price objective on shares of Perella Weinberg Partners from $18.00 to $19.00 and gave the company an “outperform” rating in a research note on Friday, July 12th. JMP Securities upped their price target on Perella Weinberg Partners from $22.00 to $26.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 9th.

Perella Weinberg Partners Trading Up 3.4 %

NASDAQ:PWP opened at $20.91 on Friday. Perella Weinberg Partners has a 1 year low of $9.57 and a 1 year high of $22.32. The firm’s fifty day simple moving average is $19.86 and its 200 day simple moving average is $17.53.

Perella Weinberg Partners (NASDAQ:PWP) last posted its quarterly earnings data on Friday, August 2nd. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.26. The business had revenue of $272.00 million for the quarter, compared to analyst estimates of $179.35 million. Perella Weinberg Partners had a positive return on equity of 56.85% and a negative net margin of 15.75%. The firm’s revenue for the quarter was up 64.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.16 earnings per share.

About Perella Weinberg Partners

Perella Weinberg Partners, an independent investment banking company, provides strategic and financial advice services in the United States and internationally. The company offers advisory services related to strategic and financial decisions, mergers and acquisition execution, shareholder and defense advisory, and financing and capital solutions advice with resources focused on restructuring, liability management, and capital markets advisory, as well as underwriting and research services primarily for the energy and related industries.